Golds slip in bouncy trading
U.S. markets had a bouncy week, with the Dow Jones Industrial Average covering a 150-point spread in the report period Feb. 19-25, before settling at 7,909.50. The golds were down and the base metal p…
Lihir Gold Limited
Markets top out
U.S. equity markets were broadly better as investors digested the big gains that followed the new year. In the report period Jan. 8-14, the Dow Jones Industrial Average rose 102.03 points to 8,842.62,…
Aussies launch gold index
The Australian Gold Council and Sydney-based Macquarie Bank have launched the AGC/Macquarie Australian Gold Index, which replaces the Australian Stock Exchange (ASX) S&P Gold Index.The new index consi…
Restructured Newmont proves profitable
Shareholders of Newmont Mining (NEM-N) got their first hard look at their “new” company, as the Denver-based gold giant released its first quarterlies, showing the full effects of its February merger …
Placer targets takeover of Aussie miner
Vancouver — Falling metal prices over the past few years may have initiated consolidation in the mining industry, but as the price of bullion rises to levels not seen since 1999, the wave of mergers …
Newmont drops stake in Lihir for US$84m
In a surprise move, Denver-based Newmont Mining (NEM-N) has sold its 9.7% equity holding in Papua New Guinea miner Lihir Gold (LIHRY-Q) via a block trade to Australian-based Macquarie Equity Capital M…
Lihir Gold expands namesake mine
A review of the resource model by Australia’s Lihir Gold (LIHRY-Q) has upped reserves by 25% at the company’s namesake mine on Lihir Island, northeast of mainland Papua New Guinea.The island, a volcan…
Forum targets diesel reductions
An international forum for the exchange of information on the reduction of diesel emissions in mines will take place Nov. 6-8 at the Embassy Suites Hotel in Markham, Ont.The conference is expected to …
Goldfields, Delta to merge
Vancouver — Goldfields and fellow Australian gold miner Delta Gold have inked a merger deal that will catapult the new company to the million-ounce-per-year level. The merged entity will rank as one …
Field trips highlight SEG conference
The Society of Economic Geologists (SEG) is planning six field trips in conjunction with its Global Exploration conference, slated for April 14-16, 2002, in Littleton, Colo.The trips will encompass:- …
Newmont funds Zarafshan expansion
Denver — Having inked a US$30-million financing agreement with the European Bank for Reconstruction and Development, Newmont Mining (NEM-N) is expanding the Zarafshan joint venture in Uzbekistan.Sinc…
Vengold racks up more losses
The third quarter of 1999 was another bad one for Vengold (VEN-T), which lost US$76.4 million (US53 cents per share) on gold sales revenue of US$10.5 million, compared with a loss of US$6.8 million (U…